Cash-for-clunkers program pushes auto sales into overdrive
The News Review:
- Cash-for-clunkers program pushes auto sales into overdrive
- Most East Bay auto dealers happy with ‘clunkers’ plan
- US EQUITIES WEEK AHEAD: July Jobs Data; Auto Retail Sales
- Renault Sees 8% Decrease In European Auto Market In 2010
- Beijing Auto to buy 40 pct of Daimler van JV -paper
Cash-for-clunkers program pushes auto sales into overdrive
Chicago Tribune
Second the measure has spurred auto sales beyond anybody’s wildest dreams. What remains fuzzy about the clunkers program is just about everything else — how it works how it will be funded whether inventories will last and whether an overtaxed government bureaucracy can find a way to manage it more effectively. “I don’t think anybody anticipated this kind of volume” said Marty Collins an executive with Group 1 Automotive which operates 99 auto dealer showrooms nationwide. “The system wasn’t built to handle it.
Related from Sales-monster: Ford sees dramatic ‘cash for clunkers’ boost
Most East Bay auto dealers happy with ‘clunkers’ plan
San Jose Mercury News
That’s the way the government’s “cash for clunkers” program has worked at the Berkeley Honda Auto Center at least 20 times this past week. A crummy old 1991 Dodge Caravan limps into the dealership and a perky brand-new Honda Fit flits out making dealer Tim Beinke a happy man. “We’ve been getting quite a response so we’re pleased if the program continues” Beinke said Friday. “These cars coming in are really clunkers too. It’s good to get them off the road.
US EQUITIES WEEK AHEAD: July Jobs Data; Auto Retail Sales
CNNMoney.com
unemployment rate is expected to increaseslightly in July from a month earlier even as auto and retail sales likelyimproved during the same period. Jobs data are due next Friday; automakersreport sales Monday and retailers Thursday. The pace of corporate earnings reports slows next week but three Dow JonesIndustrial Average components will post results along with nearly 40 companiesin the Standard & Poor’s 500 Index.
Renault Sees 8% Decrease In European Auto Market In 2010
Wall Street Journal
FR) expects to see an 8% decrease in the European car market in 2010 compared with 2009 continuing the trend of 2009 Chief perating fficer Patrick Pelata said Thursday. He told an analysts’ conference.
Beijing Auto to buy 40 pct of Daimler van JV -paper
Forbes
Beijing Auto which already makes Mercedes-Benz cars in partnership with Daimler in China is still awaiting the Chinese government’s approval of the deal which will leave Fujian Motor with a 10 percent holding in the venture the Shanghai Securities News reported. com%2Ffeeds%2Fafx%2F2009%2F08%2F01%2Fafx6728462.
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